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ABC
Dec 31, 2012 5:00pm EST
're not thinking about new years, but they're worried about the fiscal cliff. besides a quick slowing job -- gluing job it is a quiet new year's eve. >> we are in manufacturer of custom cases. >> the nine employees have the day off, but the owners are concerned about the fiscal cliff deadline. >> it hurts when everything gets put on that is really what happens. >> they had a pretty good year last year with about $1.8 million in sales. they worry about cutbacks and layoffs. >> we can survive on little to go without paychecks to pay these guys. >> nearby, he is also keeping close watch on the fiscal cliff. these devices help police fire, and military radios communicate through buildings. >> will i have the money to be able to withstand a long delay? >> research, development expansion, all of it on hold. >> look at what the redskins did as a team yesterday. can you guys get together as a team and let's make something happen? >> a lot of frustration out there. both of these companies are very loyal to their employees. like many people, they are hoping for some kind of the deal. >> police have identifie
FOX News
Dec 31, 2012 2:00am PST
to the fiscal cliff to new year's eve to the nfl post season on my last day as you said and clayton's birthday mind you. an update on hillary clinton's condition in just about 10 minutes join us for "fox & friends" 6-9 eastern time. >> welcome back. it is 52 after the top of the hour. let's span the globe to see what's happening in headlines. hugo chavez is reporting from new complications following his recent cancer surgery there. so far we are hearing those complications are stemming from a respiratory infection and his condition is delicate. next to northern ireland where police officer manages to escape a bomb found under his car. so far no one is claiming responsibility for planting the device. finally to columbia where a massive land slide completely cut off a highway and buried cars there. at least five people were killed. a search is underway right now for 25 people that are missing. patti ann? >>> the count down to 2013 is on. over 1 million people preparing to pack times square to ring in the new year. lawmakers may ring in the new year by going over the cliff. lauren simonetti joins
CNN
Dec 31, 2012 1:00pm PST
right now. including that so-called fiscal cliff. only seven hours until the ball drops for new year's. and seven hours till the united states formally goes over that fiscal cliff. a still combative president obama says an agreement is in sight and the senate leader mitch mcconnell says it's close as well. house republicans have decided they will not vote until after taxes have already gone up. they're supposed to go up after midnight. we have complete coverage of this breaking news story as well. let's begin this hour with our senior congressional correspondent dana bash. as we've been saying, we are going over the fiscal cliff. >> reporter: technically, that is true. house has decided that there's no point, from the perspective of republicans who run the house, to stay tonight, because the plan over the past two, three days, has been for the senate, which is down the hall behind me, tore vote on any kind of deal first, and then send it to the house. the senate isn't there yet. they're very close. but close doesn't give a bill to the people who need to write it and put it on the flo
CNBC
Dec 31, 2012 9:00am EST
of the fiscal cliff situation, or do you actually see some new product, maybe an apple tv, spurring to 900? i would argue you need to see a new product in order to get there. >> i think apple always vacillates between the two extremes of fear and greeand ri hitting that kind of max fear point with people all worried about margins and what the future products will be. and what only kind of shatters that fear and gets people greedy again, what led to the big run-up this year, is when people realized that the current product portfolio are going to be much bigger than they expected. you were talking about the ipad mini. i still think that's one that's widely underappreciated. i think there's an opportunity for huge growth as ipad mini alone this year. i think we'll see iphone move to a six-month cycle instead of a 12-month cycle. apple's seeing that people anticipating a couple of quarters ahead and holding off on sales. so i think there will be new products, though. i think itv is definitely one. i think november is likely the target there. and i think 2013 is going to be the year we actually se
FOX News
Dec 29, 2012 1:00pm PST
on the screen. the fiscal cliff melodrama is bad cabling reality show, real housewives of new jersey without the seven siartd without though not without the plastic surgery. they are phony and the "wall street journal" is basically arguing here the politicians are just like them. they are actors, pretending to do something meaningful about crisis of their own creation and none of them seems terribly sincere about doing something fundamental in $16.4 trillion. fair point? >> but the real issue is $80 trillion in unfunded liabilities entitlement programs which no one is talking about. it's amazing. i think "wall street journal" is right on the point. we've had all this discussion for the last several months and frank liquor to the last four years of raising taxes on the rich, above $250,000 which a basically a moral argument. it doesn't a dent in the $80 trillion in unfunded liabilities. entitlement reform and president obama doesn't want to talk about it. he wants to focus on the tax rates which is for all intents and purposes utterly irrelevant. >> gregg: so in other words, we can count on t
PBS
Dec 28, 2012 3:00pm PST
before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several pa
FOX News
Dec 30, 2012 3:00pm PST
for the top of the news of this special edition. no senate vote on the fiscal cliff tonight. that just from majority leader harry reid. they cannot agree. cannot agree on a counter offer at this point from the democrats. after a day of last minute negotiations to avoid tax hikes and spending cuts set to go into effect the day after tomorrow. chief congressional correspondent mike emanuel very busy tonight. it's almost coming apart. >> that's right. there's a lot of dis agreement on both sides. republicans say they would like to see any tax revenue that comes out of a fiscal cliff deal used to pay down our trillion dollars deficits. retiring republican senator from arizona, jon kyl, said the democrats want to spend $600 billion and he believes the new tax revenue will be about the same am. to he says not solving anything. for from senator to an today. >> raising taxes to pay for new spending is not something republicans believe this debate ought to be about. it ought to be about reducing the deficit and debt. they're suggesting we want new taxes, higher taxes on people in this country to pay
CNBC
Dec 31, 2012 6:00am EST
an e-mail. >> the fiscal cliff, what would a new tax plan mean for small companies and their employees? we're going to get that story when we return. as we head to a break, check out the futures. we have red arrows. they continue to be red arrows. nasdaq off about 12.5 points, the s&p 500 off a little over 6.5 points. we have more coming up on squawk after this break. [ male announcer ] you've climbed a few mountains during your time. and having an investment expert like northern trust by your side makes all the difference. we add precision to your portfolio construction by directly matching your assets and your risk preferences against your own unique life goals. we call it goals driven investing. after all, you don't climb a mountain just to sit at the top. you look around for other mountains to climb. ♪ expertise matters. find it at northern trust. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more
PBS
Dec 28, 2012 6:00pm PST
shields and "new york times" columnist david brooks. >> brown: developing fiscal cliff, walking short time ago the president came out of the meeting with congressional leaders and said he was modestly optimistic. are you? >> no, no i think everyone is trying to look busy so when we go over he can say we tried. he came back from hawaii, he had to do something. so they had a meeting. if you don't have new offers you don't have progress. you did have a frank exchange but they in in the business of macking a deal there is no real evidence that they moved. so i remain that we will probely go oferm then once that happens then all sort of things start a lining. speaker boehner gets reelect as speaker t is easier to pass a tax cut than do it beforehand. everyone goes crazy outside so there is more pressure. so i still think it's much more likely that not much has happened. >> what do you think? looking busy, that's all that is happening right now? >> i think that it was a chance, on january 3rd, he has the votes from the republican congress, land there is no reason to think doesn't, then will be r
FOX News
Dec 30, 2012 7:00am PST
out on new year's eve. plus we are on fiscal cliff eve watch. >> these are my kids. say bye to clayton. they can't get into the studio on new year's eve. >> i will not see you kids any more on the show. >> deal or no deal. captioned by closed captioning services, inc. >>> we start this morning with a fox news alert from the nation's capital. you know, the final 48 hours ticking away to the fiscal cliff deadline. will there be a deal or will the $500 billion in spending cuts and tax hikes actually kick in? right now, negotiations going on behind closed doors. this while president obama has joined leaders in it both parties to make the case to the american people by appearing on the morning public affairs programs this morning. both sides pitching their proposals. but at this late point, some say any chance that congress has of averting the fiscal cliff will take serious late night legislative wrangling. good morning. i'm eric shawn. i'm heather childers in for jamie colby. without a deal the countdown to 2013 also a countdown to smaller pay checks for nearly all americans as the fiscal
CNN
Dec 28, 2012 8:00am PST
. >> how are the markets doing today with all the news about the fiscal cliff and going over it being a possibility? >> markets are selling off just a bit. the dow is down 75 points. with rumors of congress coming back into session over the weekend, we did see the markets turn around a bit yesterday. now the selloff continues. there's just not a lot of confidence that a deal can get done. the reason you're seeing the dow down 76 points. >> all right, alison kosik at the new york stock exchange. thank you. >>> chicago reached a dubious milestone overnight. a shooting victim on the west side became the city's 500th homicide of the year. police say the 40-year-old man was shot in the head outside a convenience store. no arrests were made. chicago has been struggling for decades to overcome an epidemic of gun violence. this year's figures are 17% higher than last year. but it's still just half the murder rate of 20 years ago. according to chicago police statistics, 943 homicides were recorded in 1992. >>> in suburban st. louis, let's just say an alleged shoplifter picked the wrong store o
FOX News
Dec 31, 2012 8:00am PST
at congress with distain and rightfully so. with the deadline on the fiscal cliff only hours away we've failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> reporter: so everybody is waiting to see if the senate can reach a deal on the fiscal cliff. it's not entirely clear when the house would act. i talked to a key leadership aide who he said if the senate passes a deal we could certainly signal that we will take it up perhaps tomorrow morning and that would keep everybody calm, but first things first, they need a deal, jon. jon: by my calculation they have less than 13 hours to accomplish that. mike emanuel, thank you. >> reporter: thank you, sir. jon: let's take a look at the dow with all this fiscal cliff nonsense going on. it's up, actually about 8 points right there as you can see. still down below 13,000, though, after heavy losses last week. very light trading also as you might imagine on this day before the market is closed for the new year's holiday. while congress cannot seem to agree on a fiscal cliff fix, it loo
FOX News
Dec 31, 2012 4:00pm PST
in this fiscal cliff standoff. we have team fox coverage. mike emanuel is live on capitol hill. but first to ed henry at the white house. ed, it looks as if we are taking the plunge. >> it does, trace. but what i think the white house is hoping here tonight is that lawmakers are going to have some framework by midnight tonight that basically says votes as soon as tomorrow or maybe even in early wee hours, 1:00 a.m., 2:00 a.m. to start moving forward on this so at least the markets get the signal that they will retroactively make sure that the tax rates don't go up. that the massive spending cuts don't take effect. all of this is still hanging in the balance. as you mentioned, conservatives not happy that there are no new spending cuts here. liberals not happy over the fact that they believe the president gave in too much to republicans on taxes setting a threshold of $450,000 a year instead of what they wanted which was 250,000. bottom line the president said that's the art of the compromise today. everyone is not going to get everything that they want. and, in fact, he said the key here is to
FOX News
Dec 28, 2012 3:00pm PST
to avoid some of the tax parts of the fiscal cliff. it would keep tax cuts for the making $250,000 a year or less, extending unemployment benefit and with the clock ticking delay dramatic spending cuts until next year. >> i asked leaders of congress to work toward the package to prevent tax hike on middle class americans protects unemployment surance for 2 million americans. lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included. now it's clear it's not in the short-term package tha
FOX News
Dec 29, 2012 3:00am PST
. the president said he is modestly optimistic about a fiscal cliff deal getting done before new year's eve. >> clayton: they all said the same thing. presidential meeting with the leaders yesterday. harry reid. >> juliet: vice president showed up. >> clayton: they must have been all on the same table hey whether we lee this table we will say modestly optimistic. listen to senator mitch mcconnell who may be the linchpin of this whole thing. he said i will take the ball and run with it in the senate. get a deal done. listen to the senator. >> we had a good meeting at the white house. we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> charles krauthammer calling him a master negotiator. saying if it were left up to him he could solve the syrian civil war in a weekend. >> dave: he can get it done but there
CNBC
Dec 26, 2012 9:00am EST
suggesting that the fiscal cliff trade here whenever you get bad news from washington is buy the dollar as a safe haven. you're going the other way here. >> right. well, i think there's going to be some battles. i think most of the market feels you will get forward movement when congress comes back. you're going to get a very watered-down plan to punt this forward. that's something i've been telling clients for about three months. that's my expectation, punt forward, but not going to be very pleasant. >> good to see you, andy. hope you had a good holiday. andy busch with "money in motion." catch currency trading on friday at 5:30 p.m. eastern. if you want more education about currencies, go to currency class at money in motion.cnbc.com. >> an article in today's "new york times" finds once traditional dating priorities like having a good job, physical chemistry, may not matter if your credit score is less than attractive. the "times" interviewed more than 50 daters all around the u.s. they were all under 40 years old. brings us to this morning's squawk on the tweet. what's the most impor
FOX News
Dec 30, 2012 8:00am PST
cliff. good morning on this sunday morning. >> i'm heather childers. welcome to a brand-new edition of america's news headquarters. there is still no concrete plan on the table. instead, lawmakers have given themselves by 3:00 p.m. today to come up with a compromise agreement that will have enough support to survive both a vote in both houses of congress. chief white house correspondent ed henry is live with more. >> good morning. interesting because the president, in his first sunday show, tv appearance since 2009, when he was pushing health care reform and went on "meet the press" to pound a message over and over, that in his estimation, the onus is on republicans over the next 24 to 48 hour, basically saying, if they don't put together that bipartisan deal in the senate that you just mentioned, they should have a vote in the house and in the senate on the president's stop-gap measure to extend unemployment benefits and extend tax cuts, only for those making $250,000 or less. the president suggesting, playing the blame game, saying, if the republicans don't hold a vote on his plan
CSPAN
Dec 26, 2012 7:00am EST
: in the new year, i think they come to some resolution of the fiscal cliff. we are looking forward to another year like we had. 2% growth are a little less. the prospects this quarter were impaired by the cliff, and we expect that to go forward into the next quarter. host: the president coming into town tonight, and the congress tomorrow. realistically, what do you think will happen? guest: i do not think a lot will happen and i think we will go over the cliff. i am an economist, not a politician. i do not believe that the republicans will give the president merely a tax increase on people over $250,000. there are not able to push that through the house with some spending cuts. that does not seem to make much sense. host: peter will be here for 40 minutes taking your calls and tweets about the u.s. economy. we continue to take a look at economic matters. our guest recently wrote about the debt limit. the headline in "the boston globe" -- do you agree with that sentiment? guest: i would hope it would not threaten the economy again. it is all bound up in this issue of curbing government spendi
CNN
Dec 28, 2012 1:00pm PST
'll talk to you later, jess, thanks. we are seeing senate leaders take new initiative in the fiscal cliff standoff after their talks with the president. harry reid and mitch mcconnell talked about the meeting and the tough work ahead. >> i think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. it was a very serious meeting and it took an extended period of time, as you all know, waiting for us. >> mr. president, i would just add -- i share the view of the majority leader. we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. and so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> let's bring in cnn's senior political analyst, ron brownstein, editorial director of "the national journal." i'm not sure where to begin here. i
CNBC
Dec 28, 2012 9:00am EST
to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a constructive meeting. we all understand where we are. >> we feel very comfortable with each other and this isn't something we're going to wait until the last day of december to get it done. >> isn't that special? now we're in the last days of december. and with just three days to go, the rhetoric has changed in the beltway. these are the latest comments. >> republicans aren't about to write a blank check for anything senate democrats put forward, just because we find ourselves at the edge of the cliff. that wouldn't be fair to the
CSPAN
Dec 27, 2012 1:00pm EST
this morning with comments on the situation, and we will hear what he had to say about the fiscal cliff now. : new year's eve is fast approaching and for decades and decades the american people have watched the ball drop in times square. it's the countdown to midnight, the start of a new year. but this year, mr. president, the american people are waiting for the ball to drop but it's not going to be a good drop. because americans' taxes are approaching the wrong direction. come the first of this year, americans will have less income than they have today. if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives as we speak with four days left after today before the first of the year aren't here with the speaker having told them they'll give them 48 hours' notice. i can't imagine their consciences. they're out wherever they are, around the country, and we're here trying to get something done. they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to
FOX News
Dec 31, 2012 3:00am PST
, the new tax takes effect tomorrow and it's got nothing to do with the fiscal cliff. it has to do with obamacare. we'll tell what you it is inform could hurt. then don't know what to do with your christmas tree? here is an idea. ♪ >> clayton: welcome back. the government wishing the american people happy new year with a brand-new tax tomorrow. >> dave: regardless of the outcome of fiscal cliff negotiations, americans will be hit with a $1 trillion new tax bill thanks to obamacare. >> clayton: joining us now is texas congressman and vice chairman of the subcommittee on health, dr. michael burgess, who knows a thing or two about the health care system. congressman, nice to see you. happy new year, or not so happy for a lot of people. >> thanks. >> clayton: break this down. what kind of taxes are we talking about here that basically have nothing to do with the fiscal cliff, right? >> correct. these are baked into the cake and they're happening regardless of whatever happens with the house or senate today. there is five changes, major changes in tax policy that start on january 1 as
MSNBC
Dec 31, 2012 7:00am PST
watching the fiscal cliff finale along with the rest of us. cnbc's mary thompson is live at the new york stock exchange with what's moving your money. tough week for stocks last week, mary. what are investors looking for today? >> it looks like a slightly more optimistic tone in the markets this morning, chris. the major averages higher across the board as the number of headlines suggest that progress is being made on perhaps a band-aid or smaller deal to avoid the fiscal cliff. that is giving investors some hope today after what you mentioned was a very difficult week last week. we had five straight sessions of losses for the major indices. as basically the realization started to grow we aren't going to reach any kind of grand bargain. i think if you looked back about two months ago investors were more optimistic this would indeed happen. again as we moved toward that deadline right now investors are hoping at least for a small deal. so that is why we're seeing some strength in the markets today. interesting to note, though, i know you were talking about sequestration with your earlier
CSPAN
Dec 30, 2012 7:00am EST
of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple months. in terms of the immediate tax increases, the payroll tax rise of 62% from four 0.2% and workers first $113,000 of income. capital gains, qualified dividend's, and estate and gift taxes are subject to higher taxes. higher earners face new taxes under the health care law. within the next couple glock -- a couple of months, the bush era tax cuts that have been debated over -- the bush-era tax cuts on income expire december 31, workers will not fill the impact until the treasury releases new withholding instructions. alternative minimum tax -- the charred talks about spending cuts, immediate and in the future. and it refers, payments to medicare providers would fall by 27% if there is no action. extended unemployment benefits expire for about 2 million people on january 1. to be the $110 billion in automatic domestic and military spending cuts known as the sequester. in the next couple months, the march 27, a six mo
CSPAN
Dec 28, 2012 7:00am EST
the house has passed legislation to avert the entire fiscal cliff. there is an ad we want to point out in "the new york times" and "the washington post." together" rds "come as a way to send a message to congress. "the struggle of today is for a vast future also." the words of abraham lincoln. jim from georgia on the republican line. caller: thank you. the senate has not passed a budget bill in the past three years. does that affect the fiscal cliff? host: more than four years? caller: does that affect our physical cliff? host: that is a larger issue of taxes and spending cuts. caller: thank you. host: bob on the independent line from florida. caller: nobody should worry about the fiscal cliff. asey have everybody's ira's hostage. ira will have to buy ies.sur they are not worried about the budget. everybody that has an ira basically it will have nothing because interest rates will go up so high on the treasury bills in the coming decade. be heldy's ira will hostage. i took money and i put it into gold. i did not pay any taxes on it. possession is 9/10 of the law. let them come and find
CNN
Dec 31, 2012 2:00am PST
that affect your bottom line, from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! when i'm out with
CNN
Dec 27, 2012 1:00pm PST
." >>> on the surface, you might think there's new movement toward avoiding the fiscal cliff that starts making an impact just five days from now. president obama is back in washington and plans to meet with congressional leaders tomorrow. and house members have been told to return to the capital sunday. but there's still no evidence this standoff is anywhere close to being resolved. here's our cnn senior congressional correspondent, dana bash. >> reporter: and candy, you know that even speaks to what is going on here, which is virtually nothing. jessica yellin reported in the last hour that our ted barrett, our senate producer, saw harry reid go into mitch mcconnell's office. well, it turns out that reid walked back out, and told ted barrett that they did not talk about the fiscal cliff at all. that sort of defies logic, but so it goes, that's what he said. and it sort of speaks to the warning that i got earlier this week, which is that most people here think that if anything is going to get done before the fiscal cliff deadline, that it won't happen until the pressure is on, on or around dece
CSPAN
Dec 28, 2012 2:00pm EST
fiscal cliff and after that one by one a new generation does every year, then we can do that and we can have the kind of budget agreement that will get this economy moving again. i am here primarily to salute senator corker for doing what i think the president should be doing, and i do not think it can be accomplished by the united states government unless he takes a lead. he does not have to lead with corker's bill, but it has to be something like it. >> because i would never disagree with my colleague, i agree it takes presidential leadership. thank you all very much. appreciate it. >> senator corker and alexander. that is from earlier today. their remarks on the fiscal cliff. congressional leaders are meeting with president obama to continue work on avoiding that fiscal cliff. of course, that is the mandatory tax increases and spending cuts that go into effect in three days, at the start of the new year. the meetings include the house leaders, the senate leaders, and president obama. it started about 40 or 50 minutes ago. an administration official says that timothy geithner, the tre
CSPAN
Dec 28, 2012 9:00am EST
over the medicare fiscal cliff and after that one by one a new generation does every year, then we can do that and we can have the kind of budget agreement that will get this economy moving again. i am here primarily to salute senator court clerk for doing what i think the president should be doing, and i do not think it can be accomplished by the united states government unless he takes a lead. he does not have to lead with but it has to be something like it. , because i would never disagree with my colleague, i agree it takes presidential leadership. thank you all very much. appreciate it. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> you have seen the phone numbers that we have had up that. if you're listening on c-span radio, the phone numbers for republicans -- remember to turn down your tv. bronx.tart out with the what do you think about the fiscal cliff? caller: i am happy to show those guys who are supposed to be our leaders so everybody can see. all these guys are working for their rich donors who basically
FOX News
Dec 24, 2012 4:00pm PST
-called fiscal cliff. apparently it sank our 401(k)s again for the second trading day in a row. the dow dropping 52 points today. the nasdaq fell 8 and the s&p lost 3 today was a shortened day. told the associated press that folks are starting to accept that weekend in fact plunge right off that fiscal cliff. after all we are a little more than a week away from the deadline when the spending cuts and push us back into another recession. lawmakers do plan to return to washington later this week to try to hammer out a last-minute deal. for now president obama and the first family are celebrating christmas in hawaii and that's where our ed henry is traveling with the president now live in honolulu. ed? bottom line the president is here in hawaii but might not be here for long. shortly after christmas likely to go back to washington. try and broker some sort of a deal. you remember before he left for hawaii, he announced that he wanted more of a short-term deal. sort of scaled back stop gap measure so that that big grand 4 trillion-dollar. instead he wanted to extend tax cuts for the middle class. h
MSNBC
Dec 26, 2012 9:00am PST
mitchell reports," six days till the new year, and there's no bipartisan deal to avert the fiscal cliff in sight. the president is cutting his vacation short, but the house is still in recess with no immediate plans to return. the ball is now in senate democrat's court and
FOX
Dec 28, 2012 5:00am EST
not reaching a deal on the fiscal cliff? do you think it is possible that i compromise will be reached before the deadline. share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your comments on air. >> i'm sure you all have a lot to say. we would love to hear t. >>> a big story we are following. norman schwarzkopf has died. the retired general died from come indications of pneumonia. he was given the nickname stormin' norman and best known for leading international forces in iraq against shad's invasion of kuwait in 1991678 the 78-year-old managed to live a quiet retired life in tampa and kept pretty quiet on the u.s.'s decision to go to war with iraq again. >>> also this morning, former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says his family is confident the 41st president will leave the hospital but expects to be there for a while. he is battling bronchitis, a lingering fever among other complications. the 88-year-old was admitted to the hospital la
CBS
Dec 30, 2012 10:30am EST
are back with our panel. let's talk about 2013. no movement on the fiscal cliff as of yet. and the president said today one of his top priorities in the the new year will be immigration reform. i want to go around the table quickly. can he get something like that done? >> if the fiscal cliff process that he is involved in does not poison his relationship with the republicans in congress, perhaps. but if things get very bad now with the republicans in congress, maybe not. >> o'donnell: joe? >> i think one of the clearest lessons from the last election was the republicans have to begin to deal with the growing latino community in this country, and that there will be plenty of respects ready to vote for immigration reform. >> o'donnell: and, michael, the president always said today he is going to put his full weight behind some gun measures that would keep guns out of the hands of the mentally ill. can that pass? >> i don't know. one of the most interesting public opinion trends in the last decades is support in america for gun rights and same-sex marriage has increased, abou
MSNBC
Dec 27, 2012 3:00am PST
's the bigger news, right? not the fiscal cliff but the fact that tim geithner announced that the debt ceiling will be hit on december 31st, that he has extraordinary measures to take to delay it a little bit, but we're now in a serious situation. the fiscal cliff was a semi-serious situation. this is a very serious situation. >> what you've got, these two things coming together, the cliff and the debt ceiling, you'll have market reactions that reinforces the sense of unpredictability. if you're an investor, if you're running a business, what you want to know is what the playing field is. you want to know what the rules are. nobody knows anything. it means basically things begin to come to a halt. internationally, it raises all sorts of questions about our competence, our seriousness, our reputation. and these are people who are investing here, who are providing us also with the means to float the deficit. these are the people providing a lot of our financing. well, at some point if this goes on long enough, they begin to think, hold it. >> who's writing a lot of our financing? >> mainly forei
CNN
Dec 28, 2012 11:00am PST
is now for that last ditch effort to avert the fiscal cliff. if they're sticking to the schedule, the president is sitting down right now at the white house. inside that building you see right there. he's sitting down with the top four leaders of congress. they're trying to find a way to prevent the january tax increase that's about to wallop taxpayers. a short time ago, we got a glimpse of how speaker john boehner. he was on his way to the white house. and just moments ago, we saw the top senate democrat, harry reid, pull up to the west entrance, and into the white house through a side door. jessica yellin standing by for us at the white house on the lawn, set the scene for us if you will. it is very dramatic. >> reporter: it is game time here at the white house. if they're going to reach a deal, this is the meeting where they'll do it. i understand both leader reid and leader mcconnell from the senate have arrived. we have not seen speaker boehner or nancy pelosi, leader pelosi walk into the white house yet. before i plugged in at least she hadn't, they hadn't arrived. but it i
CNN
Dec 28, 2012 4:00pm PST
and calls on the senate to act on the fiscal cliff. but with four days to go, will his push make a difference? >>> plus, politicians promised that the newtown shooting would change our national debate on guns. are those just empty promises? >>> we count down the top five political rivalries. who won, who lost, what it means for 2013. let's go "outfront." >>> breaking news. the president makes an 11th hour announcement tonight putting the pressure squarely on the senate so broker a deal on the fiscal cliff. >> senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike, extends the vital life line of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. >> and just moments ago, senator harry reid says he's readying a bill for a vot
CSPAN
Dec 27, 2012 8:00pm EST
on c-span members of congress on the countdown for the so-called fiscal cliff. senate leaders harry reid and mitch mcconnell speak on the floor about the negotiations. then that is followed by the history of "the new york times." on friday's "washington journal" a look at the countdown to the fiscal cliff. our guest will be damian paletta. then homeownership in the u.s. with randallo tool. later, the discussion of the economy, poverty, and hunger. caroline radcliff. "washington journal" live every morning starting at 7:00 eastern on c-span. >> if we turn away from the needs of others, we align ourselves with those forces that are bringing about this suffering. >> the white house is a pulpit and you ought to take advantage of it. >> obesity in this country is nothing short of a public health crisis. >> i think i have little antennas that went up and told me when somebody had their own agenda. >> there is so much influence in that office and it is shame to waste it. >> they serve on a window on the past with what is going on with american women. >> sh she is the only one they can trus
MSNBC
Dec 31, 2012 9:00am PST
this whole fight over the fiscal cliff, the rangeling in washington has already caused a hit on the economy. can you explain sort of what the impact of the debate has been. >> you dw definitely seen it. ju as early as friday when we report that the president was not making his new offer with offers down at the white house. we saw the stock market sell off rather dramatically just in those couple of minutes as that news was coming out. i got to say that over the past 24 hours or so the stock market has been relatively calm sort of expecting a deal, expecting that lawmakers will somehow come to a consensus here. in terms of long-term planning, this is difficult for businesses who don't know what the tax situation is going to be for the next year. it's that uncertainty. so many businesses have such difficulty, and a lot of folks do say that there are a lot of hires that would have been made in the economy right now. new jobs created. new people added to existing companies that haven't happened as a result of this hangover over the economy, which is coming from the fiscal cliff. >> all right. a
CNN
Dec 24, 2012 4:00am PST
. investors will have to wait for news on the fiscal cliff until after christmas. that uncertainty is pushing markets lower. the s & p 500, all down this morning. trading expected to be light with high volatility today. and markets close early at 1:00 p.m. eastern. >>> and a red alert for a possible volcanic eruption in chile. the volcano hits high in the andes mountains and might be poised to blow. so far, chile's geological service has not sent out a mandatory evacuation order. >> prince harry killed his first taliban fighter in afghanistan, as he flew to the rescue of a patrol under attack. defense sources deny reports that he killed a taliban commander, but admitted he had deployed his weapon. the prince is nearing an end of a four-month tour of duty in hellman province. >>> and a judge has sign off on the bp settlement regarding the gulf oil spills. bp expects to pay out 7$7.8 billion. it includes thousands of claims of businesses and individuals in five states on the gulf of mexico. bp faces many other lawsuits, including a major civil trial in february. >>> a memorial for sandy hook vi
FOX
Dec 31, 2012 4:25am EST
. >> no more fiscal cliffs and werve can work together in unity -- and everybody can work together in unity. that is one wish. >> we still have plenty ahead. >> fox 5 news at 4:30 starts now. >>> good morning. it is 4:30 on this monday. happy new year's eve. it is monday, january -- december 31st. it is december 31st. getting ahead of ourselves there. >> i'm wisdom martin. >> i'm sarah simmons. >> time to talk about weather. we say hello and good morning to tucker barnes. >> this is the last time we'll do weather this year for this show. >> doesn't matter. as long as the redskins are winning. >> it is great. >> we'll talk about it all morning. i have about five texts from tony that got into my phone between 11:00 and 1:00 in the morning. >> you meanwhile you were sleeping. >> he was at the game. i was sleeping. temperatures in the 20s and low 30s. he got increasingly more giddy as the score was changing. >> did he know you were sleep something. >> i'm sure he does. reagan national 29. dulles is 25. bwi marshall, 29. very cold outside. i had a little ice on my driveway this morning, somethin
MSNBC
Dec 26, 2012 9:00pm PST
, the american people. this basket of problems is what washington calls the fiscal cliff. you've been hearing for months now about the cliff crisis. you've heard a lot about whether or not it will matter, you've heard about the offers and the counteroffers president obama and house speaker john boehner put on the table. if you live in the game area, you're going to be reading about the cliff whether you like it or not. we at starbucks have an opportunity and i believe a responsibility to use our company's scale for good, by sending a respectful and optimistic message to our officials to come together and reach important ground. this week, through december 28th, partners at our washington, d.c., area stores are writing come together on customer's cups. i am hugely in favor of this new starbucks initiative. not because i think writing come together on coffee cups will bring anybody in washington together, i have an embarrassing coffee order, i'm hoping they will write over my order and people won't judge me. >>> i want to step back and give you five things to remember this week. think of it as
CNN
Dec 28, 2012 8:00pm PST
on the fiscal cliff negotiations which it will be a working weekend in washington. have a great weekend and a happy new year. "piers morgan" is next. horsepower than prius v,hae a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through new years day. restore revive rejuvenate rebuild rebuild rebuild [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate.
CNN
Dec 28, 2012 11:00pm PST
" tonight. erin is back next week and we'll be following all of the late breaking developments on the fiscal cliff negotiations which it will be a working weekend in washington. have a great weekend and a happy new year. "piers morgan" is next. [ cellphone chirping ] [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here.
CSPAN
Dec 29, 2012 7:00am EST
about the fiscal clefts deal? caller: i do not think there will be a fiscal cliff because i think it will cost too much danger. i would like for the republicans to be definitely voted out and new people come in with better ideals. there are stuck in the old school. host: cheryl in virginia on the line for independents. caller: thank you for taking my call. i just wanted to say we are tired of partisan politics. we know that the what they do not pay their fair share of taxes, and they know it, too. the working man and the middle class carried the burden of this country including the tax burden. if mitch mcconnell and republicans had worked with the president of in the first term, we would not be near a fiscal cliff. we need term limits. i do not think they ought to serve more than the president can serve. host: a year limit on both the house and the senate? caller: absolutely. rockylet's move onto a from north carolina. caller: good morning. i would like to make a general comment about the congress and the senate. somehow they have gotten off track for the american people. they nee
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